The insured retirement industry is "financially sound" and should do well in the year ahead, the Insured Retirement Institute said in a state-of-the-industry report released Tuesday.
"Fixed indexed annuities and immediate and deferred income annuities are showing especially strong growth," Cathy Weatherford, IRI president and CEO, said in a statement.
The report said Deferred Income Annuity sales more than doubled in 2013 to $2.2 billion and were likely to be higher in 2014.
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